Warby Parker Raises Another $60 Million in Series C Funding

NEW YORK—
Warby Parker confirmed on Friday that it had received an additional $60 million in Series C funding, led by its biggest current investor, Tiger Global Management. The company has raised a total of $115 million to date.

The $60 million round is on top of the $55 million that the eyewear company received via its three previous rounds combined in prior years.

In this latest round, Tiger Global Management was joined by other existing Warby Parker investors General Catalyst Partners, Spark Capital, Thrive Capital and First Round Capital.

A spokesperson said the company plans to use the funding to reinforce its investments in technology, including doubling the size of its tech team, retail and customer service. Company executives declined further comment.

In addition to special eyewear collaborations, Warby Parker moved further into the brick-and-mortar realm over the past year, opening stores in New York and Boston, as
reported, along with its presence in The Standard hotel in Los Angeles, its “showrooms” in Philadelphia, Oklahoma City, Chicago, Miami Beach, Charleston, Nashville and Richmond, Va. as well as its Warby Parker Class Trip Bus Tour which hit several cities around the U.S.